EMBD vs XEMD: Grades, Fees and Holdings Compared

Global X Emerging Markets Bond ETF

EMBDBNYSE Arca

BondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

XEMDACboe

Overlap

No data

Expense ratio

XEMD −0.10pt a year

EMBD0.39%XEMD0.29%

Avg volume · 30D

XEMD 6.8×the volume

EMBD29.3KXEMD200K

3Y return · a year

XEMD +0.7pt

EMBD+9.7%XEMD+10.4%

EMBD vs XEMD Performance

Oct 31, 2025 – Oct 30, 2026

+0.6%EMBD+2.7%XEMD

Expense ratio: EMBD 0.39%; XEMD 0.29%, better
Fund size: EMBD $250M; XEMD $1.01B
1Y total return: EMBD +0.6%; XEMD +2.7%, better
Yield (12M): EMBD 5.92%, better; XEMD 5.89%
Holdings: EMBD 223; XEMD 431
Avg volume (30D): EMBD 29.3K sh; XEMD 200K sh, better
NAV per share: EMBD $22.86; XEMD $43.28
52W range

ETF.net Grade

Pillar letters and Scores for EMBD, XEMD, with each pillar’s weight
Pillar	EMBD	XEMD
Cost30% weight	B59	A81Higher
Mission25% weight	A82	A96Higher
Risk15% weight	B64	A74Higher
Tradability15% weight	C54	A88Higher
Holdings10% weight	B65	A75Higher
Durability5% weight	B56	B63Higher

Rank among Emerging Markets Bonds (US Dollar) funds

How we build Categories ›

Same Category. EMBD and XEMD are both graded against the same 17 Emerging Markets Bonds (US Dollar) funds, so their Grades compare head to head.

Emerging Markets Bonds (US Dollar)⁠

Category · 17 funds

See all 17 ›

XEMD ranks 2nd and EMBD 6th of 17 funds in the Emerging Markets Bonds (US Dollar) Category.

Rank 1AVWOBVanguard Emerging Markets Government Bond ETFScore 85
Rank 2AXEMDBondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETFScore 83
Rank 3AEMBiShares J.P. Morgan USD Emerging Markets Bond ETFScore 76
Rank 5ABEMBiShares J.P. Morgan Broad USD Emerging Markets Bond ETFScore 75
Rank 6BEMBDGlobal X Emerging Markets Bond ETFScore 65
Rank 7BGEMDGoldman Sachs Access Emerging Markets USD Bond ETFScore 64

Our read on each fund

ETF.net Research

EMBDBGlobal X Emerging Markets Bond ETF

XEMDABondBloxx JP Morgan USD Emerging Markets 1-10 Year Bond ETF

In short

EMBD Most emerging-market bond ETFs track an index of government debt. EMBD is run by an active team that can also buy corporate issuers and local-currency paper, and it charges less than the group's typical fund.

XEMD J.P. Morgan's flagship emerging-markets dollar-bond index with the long end trimmed off: sovereign and quasi-sovereign debt maturing inside 10 years, priced in US dollars, for 0.29% a year.

Stated mandate

EMBD The fund is actively managed and seeks total return from income and capital appreciation by investing in emerging-market debt.

XEMD The Fund seeks to track an index of U.S.-dollar-denominated emerging-market bonds with an average life below 10 years.

Why people hold it

EMBD Active management at index-fund pricing: 0.39% a year, below the 0.50% typical for the group and level with its cheapest rival, JPMB.
Roams wider than the sovereign-only crowd (PCY, JPMB): both government and corporate EM debt, mostly in US dollars, with local currency allowed.globalxetfs.com
A couple hundred bonds, sub-advised by Mirae Asset Global Investments (USA), with income paid out monthly.globalxetfs.com

XEMD Costs 0.29% a year, below the median fee among the emerging-markets funds we grade, and it pays monthly.
Tracks the 1-10 year slice of the EMBI Global Diversified family, leaving out the 20- and 30-year paper that drives the biggest rate swings.jpmorgan.com
The index caps each country at 10% and admits only bonds with at least $1 billion outstanding, so no single borrower dominates and thin issues are screened out.jpmorgan.com
Every bond is dollar-denominated, so local-currency moves stay out of returns. It grades in the top quartile of its emerging-markets peer group.

Worth knowing

EMBD Thinly traded next to the category's giants, so spreads can be wider and big orders can move the price.
No index to check the managers against. Results ride on their country and credit calls.globalxetfs.com
EM debt carries default risk, and any local-currency bonds add a currency swing on top.globalxetfs.com

XEMD This is emerging-market government and quasi-government credit: default and spread risk stay on the table, even without currency risk.jpmorgan.com
Stopping near 10 years cuts rate sensitivity, but it also means no exposure to the long-dated EM bonds some allocations lean on.jpmorgan.com
Launched in 2022, moderately traded, and holding roughly 200 bonds: younger and narrower than the category's long-running giants.

Full EMBD profile⁠

Full XEMD profile⁠

EMBD vs XEMD Holdings

As of Oct 13, 2026

How EMBD and XEMD differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile74.2%
Asset classFixed Income100%

Sector

No Sector split for XEMD.

Country, concentration and asset class

Country by domicile

Country weights in EMBD and XEMD, widest gap first
Country	More in EMBDMore in XEMD	EMBD	XEMD
South Africa	XEMD +19.5 points	45.6%	65.1%
Mexico	EMBD +8.3 points	12.1%	3.8%
United States	EMBD +6.4 points	6.4%	0.0%
Chile	EMBD +4.9 points	6.9%	2.0%
Peru	EMBD +1.9 points	4.3%	2.4%
China	XEMD +1.5 points	0.0%	1.5%
Brazil	EMBD +1.4 points	5.2%	3.8%
Poland	XEMD +1.4 points	2.4%	3.8%
Other countries (11)	XEMD +0.5 points	17.1%	17.6%

Outside the US: EMBD 2% developed, 98% emerging. XEMD 1% developed, 99% emerging.

Concentration

Weight in the 10 largest Holdings

EMBD14.3%
XEMD8.9%

Securities held

EMBD222
XEMD427

Asset class

EMBD: Fixed Income
XEMD: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. EMBD holds 222 securities, XEMD 427.

All 224 EMBD holdings⁠All XEMD holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

EMBD vs XEMD Cost

Overpaying EMBD vs XEMD

$1,946

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

EMBD 0.39%
$7,898
XEMD 0.29%
$5,952

Amount$10,000

Years30 years

Cost over time

EMBD 0.39%
XEMD 0.29%
Overpaying

Year by year

Year	EMBD	XEMD	Overpaying
10	$705	$527	$178
20	$2,725	$2,044	$681
30	$7,898	$5,952	$1,946

Expense ratio

0.39%EMBD
0.29%XEMD, cheaper

XEMD0.29%EMBD0.39%

0.15%0.85%

Middle half of Emerging Markets Bonds (US Dollar) funds
Median 0.40%

XEMD 4th cheapest of 17 funds

EMBD 6th cheapest of 17 funds

EMBD vs XEMD Dividends

Last 12 months to Oct 30, 2026

Yield (12M): EMBD 5.92%, better; XEMD 5.89%
Payout (12M): EMBD $1.36; XEMD $2.55
Last payment: EMBD $0.11; XEMD $0.19
Ex-dividend: EMBD Oct 1, 2026; XEMD Oct 1, 2026
Paid on: EMBD Oct 6, 2026; XEMD Oct 6, 2026
Frequency: EMBD Monthly; XEMD Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

EMBDMonthly · 45 paymentsAll EMBD payments⁠

XEMDMonthly · 46 paymentsAll XEMD payments⁠

EMBD vs XEMD Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: EMBD 6.4%XEMD 5.2%, better
Return per unit of riskSharpe ratio, 3 years: EMBD 0.80XEMD 1.10, better
Worst fallMax drawdown, 5 years: EMBD −23.2%XEMD −10.0%since Jun 2022
Market sensitivityBeta, 5 years: EMBD 0.94XEMD 0.64; Market = 1

EMBD and XEMD in the news

All news⁠

New ETFs
T. Rowe Price's 0.45% fund undercuts VanEck's full emerging-markets bond mix
Oct 5, 2026EMBD
New ETFs
BNY Mellon's new emerging-market debt ETF is active, unconstrained, and not a cheaper EMB
Sep 14, 2026EMBD

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EMBD vs XEMD

In short

Stated mandate

Why people hold it

Worth knowing

How EMBD and XEMD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings

Cost over time

Year by year

Distribution history

Fall from peak · 5 years

Risk facts

T. Rowe Price's 0.45% fund undercuts VanEck's full emerging-markets bond mix

BNY Mellon's new emerging-market debt ETF is active, unconstrained, and not a cheaper EMB

How EMBD and XEMD differ

Level by level

Sector

Country, concentration and asset class

Country by domicile

Concentration

Asset class

Holdings